1670 42Nd St Hialeah, FL 33012
This exceptional investment opportunity presents a four-unit apartment building located in Hialeah, Florida, at 1670 W 42nd St, 33012. Built in 1984, this two-story, concrete block construction building boasts four fully occupied apartments, each featuring three bedrooms and two bathrooms. Each unit includes central air conditioning, an inside laundry room, an open kitchen, and walk-in closets. Upper units offer open balconies, while lower units provide private, fenced patios. The property includes a private parking lot accommodating six to eight vehicles. Recent improvements include a new roof, and the building has successfully completed its 40-50 year certification. All four units are currently on month-to-month leases, providing flexibility for adjusting rental rates to market value and maximizing income potential. Financing options include FHA, cash, conventional, and VA loans. A 48-hour notice is required for showings to respect tenant privacy. This property represents a strong investment opportunity in a desirable Hialeah location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.